Compare 529 college savings plans

Many 529 savings plans feature Vanguard funds and/or investment management. Choose a plan associated with Vanguard and compare it with other 529 savings plans.

State tax benefits may not apply to K-12 tuition. K-12 tuition can be treated as a qualified education expense under the federal tax benefit. Because each state makes its own rules, it's less clear whether account owners can receive a state tax break for K-12 tuition. To find out if you qualify for a state benefit, check the state where you pay state income tax—even if another state sponsors your 529 plan. You should consult your tax advisor for guidance.

Your results
General
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
State sponsor Nevada Utah New York
Program manager Ascensus Broker Dealer Services, Inc. Utah Higher Education Assistance Authority Ascensus Broker Dealer Services, Inc.
Investment manager/​underlying investments
  • Vanguard mutual funds
  • Vanguard mutual funds
  • Dimensional mutual funds
  • FDIC-insured accounts held in trust by my529 at Sallie Mae Bank and U.S. Bank
  • PIMCO Stable Value Investment Option
  • Vanguard
Residency required None None None
How to purchase Enroll directly with the program. Enroll directly with the program. Enroll directly with the program.
State benefits & tax information
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Maximum annual state deduction Not Applicable. There is no personal income tax in Nevada. Utah allows state residents to take a tax credit for annual contributions they make to any Utah 529 plan from their state income taxes. There is an annual tax credit limit of 5% on up to $2,070 in contributions per beneficiary for an individual taxpayer and 5% on up to $4,140 in contributions per beneficiary for married taxpayers filing jointly. New York allows state residents to deduct annual contributions they make to any New York 529 plan from their state income taxes. There is an annual deduction limit of $5,000 for an individual taxpayer and $10,000 for married taxpayers filing jointly.
Are qualified distributions from in-state plans state-tax exempt? N/A - no state tax Yes Yes
Are qualified distributions from out-of-state plans state-tax exempt? N/A - no state tax Yes Yes
State tax treatment of rollovers N/A - no state tax State follows federal tax treatment for rollovers with some exceptions. Outbound rollovers are subject to the recapture of prior state tax deductions or tax credits taken. State follows federal tax treatment for rollovers with some exceptions. A rollover out of a New York 529 plan to a non-New York Plan may be treated as a nonqualified withdrawal.
Tax recapture provisions N/A - no state tax The principal portion of non-qualified withdrawals and outbound rollovers will be subject to recapture to the extent of prior state tax deductions. Non-qualified withdrawals for this purpose don't include withdrawals in the event of beneficiary's death or disability, receipt of a scholarship or attendance at US military service academy. The principal portion of non-qualified withdrawals and outbound rollovers will be subject to recapture to the extent of prior state tax deductions.
Fees & expenses
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Enrollment None. None. None.
Maintenance None None None
Total asset-based expense ratio
  • Age-based options: 0.14%
  • Static/individual options: 0.12% - 0.42%
  • Age-based options: 0.15% - 0.17%
  • Static/individual options: 0.12% - 0.50%
  • Age-based options: 0.13%
  • Static/individual options: 0.13%
Contributions
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Minimum contributions
  • Minimum initial contribution: $1,000; $3,000 for out-of-state residents
  • Minimum subsequent contribution: $50
  • Minimum automatic investment plan contribution: $50
  • Minimum payroll deduction plan contribution: $50
    No minimums
  • Minimum initial contribution: $1
  • Minimum payroll deduction plan contribution: $15
Maximum funding amount Accepts contributions for a given beneficiary until Nevada 529 account balances reach $500,000 Accepts contributions for a given beneficiary until Utah 529 account balances reach $510,000 Accepts contributions for a given beneficiary until New York 529 account balances reach $520,000
Investment options
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Summary of investment options
Age-based portfolios
1 age-based option
2 age-based options
  • Target Enrollment Date (12 portfolios)
  • Customized Age-Based (10 portfolios)
3 age-based options
  • Aggressive Option (9 portfolios)
  • Moderate Option (9 portfolios)
  • Conservative Option (9 portfolios)
Individual portfolios
20 static/individual portfolios
  • 6 multi-fund portfolios
  • 14 individual-fund portfolios
42 static/individual portfolios
  • 10 multi-fund portfolios
  • 32 individual-fund portfolios
13 static/individual portfolios
  • 5 multi-fund portfolios
  • 8 individual-fund portfolios
Other features
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Formal agreement with rewards program or outside scholarship program? Yes, with the Upromise rewards service None Yes, with the Upromise rewards service
Creditor protection If the debtor is domiciled in Nevada (as defined by bankruptcy law), Nevada law provides that up to $500,000 of assets held in a 529 Plan account may be protected from creditors, depending upon when such assets were contributed to the account and whether they are eventually used to pay qualifying higher-education expenses of the account beneficiary. Federal bankruptcy law protects certain 529 plan accounts if the beneficiary is the child, stepchild, grandchild, or step-grandchild of the debtor. The protection covers 529 plan funds that have been in the account for at least 720 calendar days. For funds in accounts held for less than 720 calendar days but more than 365 calendar days, the protection is only for the first $6,225 of the account balance in a 529 plan. There is no protection for funds held less than 365 calendar days. Those funds are fully available to the bankruptcy estate to pay creditors.Utah law does not currently provide any additional protection against creditors for funds held through my529 (UESP). A person should consult his or her advisor regarding any specific protections that may be available in other states. Under New York law, assets in a New York 529 account are exempt from application to satisfy a money judgment against an account owner or designated beneficiary who is a minor. Protection for an account owner who is not a minor is limited to $10,000 on an aggregate basis.
Time or age restrictions The Vanguard Plan is open to U.S. citizens and resident aliens who are at least 18 years old, have a Social Security number or taxpayer identification number, and have a U.S. permanent address that is not a P.O. box. There are no restrictions on state of residence or income. Anyone who is at least age 18, has a physical address in the United States and has a valid Social Security Number or Tax Identification Number can be an account owner. None
Contact information
The Vanguard 529 College Savings Plan (NV) my529 (UT) New York's 529 College Savings Program - Direct Plan (NY)
Telephone 1-866-734-4530 1-800-418-2551 1-877-697-2837
Web address http://www.vanguard.com/vanguard529 https://my529.org/ http://www.nysaves.org
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